ATA Creativity (AACG) - 2019 Q2 - Earnings Call Presentation

Financial Performance - Total net revenues increased to RMB1.4 million[11] due to the development of K-12 education quality monitoring services[11] - Net loss from continuing operations attributable to ATA Inc was RMB18.2 million[11], compared to a net loss of RMB16.4 million in the prior-year period[11] - Cash and cash equivalents were RMB131.6 million[11], equivalent to USD$19.2 million[14] as of June 30, 2019[14] Balance Sheet (as of June 30, 2019) - Total Assets: RMB 310.057 million[13] (USD $45.165 million[13]) - Total Liabilities: RMB 20.270 million[13] (USD $2.953 million[13]) - Shareholders' Equity: RMB 249.053 million[13] (USD $36.279 million[13]) Strategic Direction and Acquisition - ATA's strategy focuses on offering integrated educational experiences in China and abroad[7] - The acquisition of ACG is a major step towards becoming a leading international education service provider[21] - ACG has 23 campus locations covering 21 cities throughout China[23] - ATA plans to leverage its expertise and industry relationships to scale the growth of education enterprises[24]